TAP - Top 4 Defensive Stocks You'll Regret Missing This Quarter | Benzinga
The most oversold stocks in the consumer staples sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href=”https://www.benzinga.com/topic/rsi”> RSI is below 30</a>, according to Benzinga Pro.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
Medifast, Inc. (NYSE:MED)
- On April 29, Medifast reported mixed first-quarter financial results. “Fast paced medical innovation is providing greater access to medical weight loss ...